Monday, October 13, 2008

Petrol prices in Kuwait's Fuel Stations

Photo Courtesy to Google Images and respective companies
A place were Petrol is cheaper that the Packaged Drinking water. Kuwait is a place where one enjoys driving cars because of petrol prices being low compared to other countries. But driving in Kuwait with the current traffic and high vehicle density is a whole different issue!
Currently the Petrol and other fuel prices in the Fuel stations throughout Kuwait are as follows (1 Kuwaiti Dinar, KD = 1000 Fils):
  • Petrol (91 Octane) known as Premium = 60 Fils (KD 0.060) (Available in all the fuel stations in Kuwait). (LATEST UPDATE - 01/01/2018 - 85 Fils (KD 0.085))
  • Petrol (95 Octane) known as Super = 65 Fils (KD 0.065) (Also available in all the fuel stations in Kuwait).(LATEST UPDATE - 01/01/2018 - 105 Fils (KD 0.105))
  • Petrol (98 Octane) known as Ultra = 90 Fils (KD 0.090) (Available in a few fuel stations).(LATEST UPDATE - 01/01/2018 - 165 Fils (KD 0.165))
  • Diesel = 55 Fils (KD 0.055) (This is available on all highways. Not available in Fuel station within Residential areas).(LATEST UPDATE - 01/01/2018 - 110 Fils (KD 0.110))
  • Kerosene = 55 Fils (KD 0.055) (Available in a selected few).(LATEST UPDATE - 01/01/2018 - 110 Fils (KD 0.110))
For the details of which Fuel is available in a fuel station out of the 118 Fuel stations across Kuwait, CLICK HERE.
For the past decade, Petrol in Kuwait is Unleaded. Therefore all the above Petrol mentioned are Unleaded. A decade ago, Kuwait was having Leaded Petrol which was sold at 40 Fils. Kuwait decided to be a little environmental friendly by reducing Lead emissions and shifted to Unleaded Petrol which were 60 Fils. This also helped in increasing the other fuel prices such as Diesel and Kerosene from 20 Fils to 55 Fils.
Also Kuwait has 118 Fuel stations across Kuwait which are active. New ones are coming up as and when required. Example, a fuel station for a newly developed areas or on a long distance highways. The company in charge of providing fuel all over the Kuwait is KNPC (Kuwait National Petroleum Company). The maintenance of the Fuel station have been divided equally among 3 companies : KNPC, Oula and Soor. All the Fuel stations are Automatic and self-service. For Female drivers, helpers (maintenance company employees) are available for re-fueling so they do not need to step out of their vehicles. The payment for the fuel is done at the drive through booth by mentioning the fuel pump number in the comfort of your vehicle. Also lately more number of Fuel stations have started putting up close circuit cameras throughout the station.

UPDATE:(01/01/2015): In Mid October 2014, the Government of Kuwait decided to remove the subsidy on Diesel and Kerosene. The implementation of the price change will take effect from 01/01/2015. After removing of the subsidy price, the fuel price will become 170 fils for both Diesel and Kerosene. The government is still going through the study reports on removal of Subsidy on other utilities like Electricity, Water, Petrol, LPG cylinders and other subsidized products. As of date, none of these have changed.

The government is giving restrictive subsidy. One of the first is the Cooperative Societies Union which asked for diesel and kerosene subsidy with regard to Bakeries so that they can be supplied at the old price of 55 fils. (CLICK HERE for the Arabtimes article and CLICK HERE for the Kuwait Times article.)

UPDATE: (28/01/2015): The Kuwait National Petroleum Company (KNPC) announced today that the rate for Diesel and Kerosene will be 110 fils (KD 0.110) each. This decision was made after the subsidies committee at the Ministry of Finance made its decision in light of the developments of current oil prices in the global markets. The price will be applied nation wide from 1st February 2015 (01/02/2015). The committee announced that the future prices of Diesel and Kerosene will be in line with the prices in the global markets and will be revised monthly. (SOURCE: CLICK HERE for KUNA article)

UPDATE: (01/01/2018): The measures being taken by the Arabian gulf states with regard to reduction and removal of subsidies from the Oil derivatives is ongoing due to the continuous low price of international crude oil prices and systematic independence from oil dependency economy.
The Arabian Gulf countries have started reducing or removing subsidies as per the dates below:
Saudi Arabia - December 28, 2015 (First Time) (Oct 91 at 0.20$, Oct 95 at 0.24$, Diesel 0.09$)
Bahrain - January 11, 2016
Qatar - January 15, 2016
Oman - January 15, 2016
U.A.E - May 29, 2016
Kuwait - September 01, 2016
Saudi Arabia - December 31, 2017 (Second Time) (Oct 91 at 0.37$, Oct 95 at 0.54, Diesel 0.12$)

Petrol and Diesel prices as of January 2018 for GCC countries
(in US Dollars $)
Fuel
Saudi Arabia
UAE
Qatar
Bahrain
Oman
Kuwait
Petrol (Super)
Oct 95
0.54
0.61
0.51
0.42
0.55
0.35
Petrol (Premium) Oct 91
0.37
0.56
0.49
0.33
0.52
0.28
Diesel
0.12
0.63
0.48
0.32
0.60
0.36

Reference: 
CLICK HERE for the post in Kuwait Times. (31/08/2016)
CLICK HERE for the post in Arab Times. (02/01/2017)
CLICK HERE to see all the Fuel prices from around the world (Global Petrol Prices)
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